Oxford Lane Capital Corp. (NASDAQ:OXLC) to Issue Dividend of $0.09

Oxford Lane Capital Corp. (NASDAQ:OXLC) announced a dividend on Tuesday, May 14th, NASDAQ reports. Stockholders of record on Wednesday, July 17th will be given a dividend of 0.09 per share by the investment management company on Wednesday, July 31st. The ex-dividend date is Wednesday, July 17th. This is a boost from Oxford Lane Capital’s previous dividend of $0.08.

Oxford Lane Capital has increased its dividend payment by an average of 4.7% annually over the last three years.

Oxford Lane Capital Stock Performance

NASDAQ OXLC opened at $5.58 on Monday. Oxford Lane Capital has a fifty-two week low of $4.41 and a fifty-two week high of $5.78. The firm has a market capitalization of $1.34 billion, a P/E ratio of 5.52 and a beta of 1.17. The stock’s fifty day moving average is $5.44 and its two-hundred day moving average is $5.22.

Insider Activity at Oxford Lane Capital

In other news, President Saul B. Rosenthal purchased 2,315,000 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was acquired at an average price of $5.40 per share, for a total transaction of $12,501,000.00. Following the acquisition, the president now directly owns 2,514,887 shares of the company’s stock, valued at $13,580,389.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Jonathan H. Cohen purchased 4,630,000 shares of Oxford Lane Capital stock in a transaction dated Tuesday, May 28th. The shares were acquired at an average cost of $5.40 per share, with a total value of $25,002,000.00. Following the purchase, the chief executive officer now owns 4,864,728 shares of the company’s stock, valued at $26,269,531.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President Saul B. Rosenthal bought 2,315,000 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were purchased at an average price of $5.40 per share, with a total value of $12,501,000.00. Following the completion of the acquisition, the president now directly owns 2,514,887 shares in the company, valued at $13,580,389.80. The disclosure for this purchase can be found here. 0.42% of the stock is currently owned by insiders.

About Oxford Lane Capital

Oxford Lane Capital Corp. is a close ended fund launched and managed by Oxford Lane Management LLC. It invests in fixed income securities. The fund primarily invests in securitization vehicles which in turn invest in senior secured loans made to companies whose debt is rated below investment grade or is unrated.